Name: Lumentum Holdings Inc. (NASDAQ:LITE) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Lumentum Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jun 27, 2026	Jun 28, 2025	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021
Accounts payable	567,400)	225,200)	126,300)	169,400)	156,700)	116,900)
Accrued payroll and related expenses	146,300)	57,900)	36,100)	39,400)	54,600)	54,300)
Accrued expenses	64,900)	34,600)	52,400)	51,200)	44,700)	33,100)
Current portion of long-term debt	1,596,900)	10,600)	—)	311,600)	409,900)	390,700)
Operating lease liabilities, current	13,500)	11,400)	13,400)	14,400)	11,200)	11,800)
Restructuring and related accrual	2,400)	2,500)	11,100)	5,000)	—)	5,700)
Warranty reserve	24,700)	14,400)	13,200)	6,800)	10,000)	5,000)
Deferred revenue and customer deposits	15,400)	700)	600)	2,100)	—)	600)
Income tax payable	38,300)	29,100)	13,200)	28,000)	26,000)	43,500)
Other current liabilities	10,700)	6,400)	3,000)	5,900)	3,400)	3,000)
Other current liabilities	91,500)	53,100)	41,100)	47,800)	39,400)	57,800)
Current liabilities	2,480,500)	392,800)	269,300)	633,800)	716,500)	664,600)
Long-term debt, excluding current portion	40,500)	2,562,600)	2,503,200)	2,500,000)	1,466,100)	789,800)
Operating lease liabilities, non-current	20,300)	23,600)	43,000)	47,700)	48,800)	47,600)
Deferred tax liability	7,100)	7,200)	55,700)	3,400)	12,900)	35,900)
Asset retirement obligation	9,000)	7,100)	7,500)	8,200)	4,600)	4,700)
Pension and related accrual	7,200)	9,700)	7,500)	9,600)	7,700)	10,800)
Unrecognized tax benefit	67,200)	55,600)	83,000)	64,400)	30,500)	23,000)
Other non-current liabilities	31,800)	25,400)	5,400)	9,200)	100)	2,400)
Other non-current liabilities	115,200)	97,800)	103,400)	91,400)	42,900)	40,900)
Non-current liabilities	183,100)	2,691,200)	2,705,300)	2,642,500)	1,570,700)	914,200)
Total liabilities	2,663,600)	3,084,000)	2,974,600)	3,276,300)	2,287,200)	1,578,800)
Preferred stock, $0.001 par value	—)	—)	—)	—)	—)	—)
Common stock, $0.001 par value	100)	100)	100)	100)	100)	100)
Additional paid-in capital	12,430,100)	1,986,800)	1,835,000)	1,692,200)	2,003,600)	1,743,600)
Retained earnings (accumulated deficit)	(7,796,300)	(861,200)	(887,100)	(340,600)	(129,100)	220,900)
Accumulated other comprehensive income	10,000)	9,000)	9,300)	4,100)	400)	8,200)
Stockholders’ equity	4,643,900)	1,134,700)	957,300)	1,355,800)	1,875,000)	1,972,800)
Total liabilities and stockholders’ equity	7,307,500)	4,218,700)	3,931,900)	4,632,100)	4,162,200)	3,551,600)

Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03).

The financial position exhibits a significant shift in leverage and capital structure over the observed period. Total liabilities grew steadily from 2021 to 2023, peaking at approximately 3.28 billion USD, before stabilizing and declining slightly toward 2026. Concurrently, stockholders' equity experienced a period of contraction between 2021 and 2024, followed by a substantial increase in 2026, driven primarily by capital injections rather than retained earnings.

Debt Profile and Maturity Structure: A marked transition in debt classification is observed. Long-term debt, excluding the current portion, rose sharply from 789.8 million USD in 2021 to a plateau of approximately 2.5 billion USD between 2023 and 2025. By 2026, this figure drops precipitously to 40.5 million USD, while the current portion of long-term debt surges to 1.59 billion USD. This pattern indicates a significant maturity wall in 2026, where long-term obligations have transitioned into immediate short-term liabilities.
Equity and Retained Earnings Trends: A deteriorating trend in retained earnings is evident, moving from a positive balance of 220.9 million USD in 2021 to an accumulated deficit of 7.79 billion USD by 2026. This suggests sustained operational losses over the period. Despite this deficit, total stockholders' equity increases to 4.64 billion USD in 2026. This increase is attributed to a massive surge in additional paid-in capital, which rose from 1.98 billion USD in 2025 to 12.43 billion USD in 2026, indicating a large-scale equity financing event to offset losses and support the balance sheet.
Current Liability Dynamics: Current liabilities remained relatively stable between 2021 and 2025, fluctuating between 269.3 million USD and 716.5 million USD. However, a spike to 2.48 billion USD is recorded in 2026. Beyond the impact of debt maturation, accounts payable show a significant upward trend in the final two years, increasing from 126.3 million USD in 2024 to 567.4 million USD in 2026, which may suggest changes in supplier credit terms or an increase in procurement volume.
Other Liability Observations: Non-current liabilities, heavily weighted by long-term debt, mirrored the debt trends, peaking in 2024 at 2.7 billion USD before falling to 183.1 million USD in 2026. Unrecognized tax benefits showed a general increase from 23 million USD in 2021 to a peak of 83 million USD in 2024, remaining elevated through 2026, which indicates ongoing complexities in tax positioning.

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